Dubin Gives Up CEO Role at Highbridge Capital

Glenn Dubin is stepping down as chief executive of Highbridge Capital Management LLC, the large hedge-fund firm he co-founded and sold to J.P. Morgan Chase & Co.

By

Juliet Chung

Updated July 13, 2013 2:39 a.m. ET

One of the biggest hedge-fund firms on Wall Street is losing the only chief executive it has ever had.

Glenn Dubin, who co-founded Highbridge Capital Management LLC with a childhood friend more than 20 years ago, is stepping down and will remain chairman of the $31 billion firm, he said Thursday. Mr. Dubin sold a stake in Highbridge to J.P....